The California wealth tax has a loophole—here’s how much billionaires could save

California’s billionaire tax has sparked an exodus of some of the state’s wealthiest residents. But for those who remain, there is one loophole that could help them to save millions.

​California’s billionaire tax has sparked an exodus of some of the state’s wealthiest residents. But for those who remain, there is one loophole that could help them to save millions.